Latest news
Daily: European spot power prices drop ahead of Christmas holiday
Crude oil prices hit a three-month high on Friday, backed by spread trading and supply worries. Brent crude rose $1.48 to settle at $111.77 a barrel. Meanwhile, U.S. oil rose 28 cents at $99.32 a barrel.
read more... 23/12/2013
Eni and GasTerra have signed a long-term gas supply contract
Eni has signed a deal with GasTerra over long-term Dutch gas supply contracts following which the Italian oil and gas group would obtain a major price cut and would boost its results. Eni is currently renegotiating contract terms with a range of other companies amid weaker demand in Europe. The renegotiation of contracts with GasTerra will have a positive impact on 2013 results.
read more... 20/12/2013
Spain to increase electricity bills by 10.5 % in January
Spanish electricity bills are expected to climb by at least 10.5 percent in January, after a new benchmark price for power being set in an auction, representing a major blow for already cash-strapped consumers.
read more... 20/12/2013
UK: Able Marine Energy Park received the go-ahead by the Government
The Able Marine Energy Park (AMEP), in northern England, has obtained the go-ahead by the Government. The project will be located on the south bank of the Humber, in North Killingholme and is likely to create more than 4000 jobs for a total cost of more than 450 million pounds.
read more... 20/12/2013
Daily: UK gas prices tumble on oversupplied system
Brent crude oil futures traded steady at over $109 a barrel on Thursday as the market ignored a move by the U.S. Federal Reserve to curb its monetary stimulus programme, and remained focused on U.S. crude stock withdrawals. Brent crude declined 17 cents to $109.46 a barrel by 09:22 GMT, after ending $1.19 higher on Wednesday. Meanwhile, U.S. oil eased 3 cents to $97.77, after ending 58 cents up.
read more... 20/12/2013